Hong Kong FinTech startup Oriente has raised $50mn funding.
In Brief:
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This was a Series B round, led by Peter Lee of Henderson Land.
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Other investors included Wix.com.
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Oriente launched in 2019 and develops technology infrastructure for financial services.
What does this mean?
Oriente focuses on markets that are underserved by traditional financial institutions – the funding will be used to expand within its current markets, the Philippines and Indonesia, as well as expanding into new countries like Vietnam. It will also keep developing technology.
